USA HISTORY

Detailed explanation-1: -What is dumping? Dumping is, in general, a situation of international price discrimination, where the price of a product when sold in the importing country is less than the price of that product in the market of the exporting country.

Detailed explanation-2: -Understanding Dumping It occurs when a manufacturer lowers the price of an item entering a foreign market to a level that is less than the price paid by domestic customers in the originating country. The practice is considered intentional with the goal of obtaining a competitive advantage in the importing market.

Detailed explanation-3: -Dumping is when an exporter sells a product in a foreign country at a price that’s lower than in their home country. Exporting businesses flood the importing country’s market with goods at drastically lower prices, which puts the importing nation’s competing firms out of business.

Detailed explanation-4: -Often, dumping is mistaken and simplified to mean cheap or low priced imports. However, it is a misunderstanding of the term. On the other hand, dumping, in its legal sense, means export of goods by a country to another country at a price lower than its normal value.